Macroeconomics (12th Edition) (Pearson Series in Economics)
Macroeconomics (12th Edition) (Pearson Series in Economics)
12th Edition
ISBN: 9780133872644
Author: Michael Parkin
Publisher: PEARSON
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Chapter 12.4, Problem 2RQ
To determine

Identify the changes in the short-run Philips curve (SRPC) and the long-run Philips curve (LRPC), if the expected inflation rate increases.

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